Fort Worth weekly gazette. [volume] (Fort Worth, Tex.) 1882-1891, 1887-03-11

Robert Garrett, the President of the
Baltimore ana Ohio Railroad, is the son
of the late j. W. Garrett, who preceded
him in the management Of that great
trunk line. The Baltimore and Ohio was
built to draw the western trade to Balti-
more. The trade was diverted from the
Monumental City by the building Of the
great canals. Philadelphia and New
York were receiving the lions share OF
the traffic. The first meeting to further
the project WAS called in 1927 and the
road was opened to Wheeling III 1853
The first stone was laid in 1925 by Charles
Carroll, one of the signers of the Declare
ton OF Independence. The house of
Robert Garrett & Sons was founded in
lS49 and was originally a wholesale
grocery hcTse. Here J. W. Garrett re-
ceived his commercial education. When
the Baltimore and Ohio had reached
Wheeling, its finances were in deplor-
able condition. The house of Garrett &
Sons bought largely of the bonds, which
were offered at low rates. This marks
the first connection of the Garrett family
with the railroad. j. W. Garrett was
made president of the road in 1858.
Since then the stock has sold st the
enormous price OF 1925 per share. The
house Of Garrett & Sons still exists ss
banking establishment under the man
agement of Harrison Garrett Robert
Garrett at the time of his election to the
presidency of the road was thirty-seven
years of age. He is g graduate of Prince
ton College, and has spent several years
in Europe. He has made railroading a
special study, and served as third vice
president of the road. He was promoted
to the first vice-pres!dency, and during
the illness that terminated in the death
of his father was practically at the head
of the gre at corporation. The Baltimore
and Ohio has extensive western cOnDecs
tiors, and is continually extending its
lines, The stock is held by private per,
sons and it is extremely rare that any Of
it is offered for sale. The Baltimore and
Ohio Telegraph Company, the only .rfvtst
to the Western Union, is 8 conception of
Robert CARROTS. He is connected WIKI
number OF banks and other flaancinl in-
stitutions. He is Of robust physique
which enables him to perform the irksome
duties of his Office without physical in
jury 10 himself.
THE BALTIMORE AND ONO.
NEW YORK, March 9.-The Times says:
'The Times Is authorized to announce
thst control of the Baltimore and Ohio
Railroad Company has passed into the
hands Of Alfred Sully of New York. Ne
gotiations with President Robert Garrett
have been in progress for some time
Yesterday and late into last night there
was antSnpoI tant meeting relative to the
TRANSACTION. To-day Mr.. Sully will be
lie to show in Wall street written con-
tract by virtue of which Mr.. Care tt puts
him IN possession. This is the greatest,
and bids fair to be the most influential
railway deal that has taken place in the
country within many years. The posi-
bilities of this new control are beyond
estimation. By the requirement of the
Baltimore and Ohio Railway, Mr.. Sully
and his friends become controllers of
what is probably the most extensive
railway system in the world. 1t
stretches from New \ ork almost to the ut
termost parts of the south, and far into the
west. 1t includes the Central Railroad
of New Jersey, the Philadelphia and
| Reading, the Richmond Terminal and the
Richmond and Dsnville properties, the
East Tennessee, the Virginia and Gaor-
gia lines, the Centrsl Railroad of Geor-
| gia, ana now, last OF all, the Baltimore
| and Ohio; and of all these properties
thers'is to be made one great trunk line,
| wfth $4,000 miles of track"
| THE NEWS RECEIVED AT BALTIMORE.
| BALTIMORE, Mp, March 9.-Robert
GsFTett, President of the Baltimore and
| OhiosRailrsed Company, was seen to-day,
| but had nothing to say in regard to the
| reported arrangement for the transfer OF
! the control of that road. The New York
! Times containing statement which sp-
/ pears TO be authentic has crested q SEN
/ sation here. There is q conviction here
! that ii the road shall pass into other hands
| the express and telegraph system will go
| with 1t. The matter IS discussed on eX-
change and street corners, and while some
| approve many c1udemn the action.
/ Mr.. Garrett was seen again later in the
/ day and the statement in the New York
! Times was read 70 him. He still per-
/ sisted that he had nothing to say about
/ the rumnred deal. Il is stated. however,
/ by one to whom Mr.. Garrett talked, that
| ne used the expression, 1--WE are in New
York" The excitement increases here
! because of Mr.. CARROTS refusal to make
any communication in regard to the mat
ter, and the people here generally haze
settled down to the conclusion tbs;
the deal has been effected, and tha,
Baltimore will become only way station
IN the great railroad system.
| sULLY DOESN'T DENY IT.
NEW YORK, March 9.-Alfred Sully was
applied to by reporter of the Evening
Post to-day for some statement IN regard
to the circumstantial reports that asyn.
dictate represented by him has Yirtualls